May 11, 2023 Better late than never: UK set to update criminal insider dealing framework By Lorna Emson Helen Harvey James Reid The UK is set to implement a new statutory instrument (SI) to align the scope of the UK’s criminal insider dealing regime with the...
Jun 21, 2022 Know your fraud: specific fraud risk rather than general red flags are needed to invoke the Quincecare duty By Lorna Emson Nikolas Ireland James Reid The Quincecare duty has made the news once again. We recently commented on RBS v JP SPC 4 & another [2022] UKPC 18 and Philipp v Barclays...
May 23, 2022 The limit of Quincecare: Privy Council holds that banks do not owe a tortious duty of care to non-customers By Lorna Emson Nikolas Ireland James Reid In its recent judgment in RBS v JP SPC 4 & another [2022] UKPC 18 the Privy Council has provided an important insight into the scope of...
Feb 14, 2022 The big freeze on crypto-assets: HMRC seizes its first ever NFT By Neill Blundell James Reid HM Revenue & Customs (HMRC) has announced its first ever seizure of Non-Fungible Tokens (NFTs) as part of a £1.4m VAT fraud...
Dec 06, 2021 Executive power: the FCA implements decision-making reform By Lorna Emson James Reid The FCA recently published a policy statement outlining changes to its decision-making processes, in order to make “faster and more...
Nov 22, 2021 Paying the price: UK proposes mandatory rules for banks to compensate fraud victims By Lorna Emson James Reid The UK government has indicated that UK banks will be required to provide refunds to victims of “push payment” fraud (also known as “APP”...
Apr 30, 2021 Conviction and collapse: a mixed week for the SFO By Lorna Emson James Reid On Wednesday the Serious Fraud Office (SFO) announced that it had secured a corporate conviction against GPT Special Project Management...
Jan 21, 2021 Big fraud: FCA proposes regulation of tech giants in relation to financial scams By Neill Blundell James Reid Lorna Emson On Monday the Financial Conduct Authority (FCA) released its review of consumer investments data for 2020 (the Review). In the Review the...